Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$134,244$134,244$395,100
Remaining term (yrs)17.117.130.0
Secondary amount$0$260,856$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.554%7.640%
1st payment$856.74$856.74$2,735.59
2nd payment$0.00$1,684.69$0.00
Taxes / mo$295.50$295.50$295.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.18$137.18$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,439.42$3,124.12$3,260.11
Cash to close$304,756$43,900$43,900